Strata living has seen significant growth over the years, particularly in central locations where space is at a premium. However, as with any housing arrangement, it’s not immune to myths and misconceptions. For many potential residents or even current occupants, these misconceptions can cloud judgment and lead to unwarranted apprehensions. In this blog, we’ll clear the air by debunking some common myths about strata living.
“Strata living is too restrictive!”
Understanding the benefits of by-laws
One of the most prevalent misconceptions is that strata schemes impose too many rules. While it’s true that there are by-laws, these by-laws exist to ensure harmonious living for everyone. These regulations often pertain to noise levels, pet ownership or renovations – aspects that in close quarters could disrupt neighbours. Rather than viewing them as restrictive we see them as protective measures that maintain peace and increase property value.
“Strata fees are an unnecessary expense!”
The true value of strata levies
Some potential owners are wary of regular strata levies viewing them as an additional and unjustified cost. However these fees typically cover essential services like gardening, building maintenance, security, insurance and amenities upkeep. When you break down the costs strata fees can often represent better value than standalone property maintenance and insurance costs.
“Strata councils are power-hungry!”
Democracy in action
There’s a myth that strata councils have unchecked power and make decisions without considering residents. In truth the council of owners are typically composed of property owners within the strata and operate with transparency. Their role is to ensure the smooth functioning of the community and they’re accountable to all owners. This is a big task to take on as a volunteer and at times thankless.
Strata properties don’t appreciate in value!”
The investment perspective
Some believe that strata properties don’t offer as much appreciation as standalone properties. This misconception overlooks factors like location, property upkeep and communal amenities. In prime areas, well-maintained strata properties with robust amenities can see significant appreciation making them sound investments.
“Strata living is only for the elderly or singles!”
Diverse communities thrive together
Another myth is that strata schemes primarily cater to retirees or single individuals. Modern strata communities offer a diverse range of facilities and are home to a mix of families, young professionals, retirees and singles. Their versatility and adaptability make them suitable for various life stages and lifestyles.
“Disputes in strata communities are inevitable!”
Navigating harmony and understanding
While disputes can arise in any living arrangement they aren’t a guaranteed aspect of strata living. Many strata communities exist harmoniously thanks to clear by-laws, effective strata management and open communication channels.
“I’ll have no control over future changes!”
Having a say in strata decisions
Some potential owners fear they won’t have control over future changes or developments in the strata scheme. However most significant decisions in a strata scheme require a majority vote or more ensuring that individual owners do have a voice and a vote in the community’s future.
Redefining strata living: Contact Oakfield today
Strata living when understood correctly offers a blend of community spirit, shared responsibilities and individual freedoms. While there are rules and structures in place they serve to enhance the living experience rather than diminish it. By debunking these common misconceptions we hope to shed light on the true essence and benefits of strata living. If you’re considering a move to a strata community or need more clarity, get in touch with Oakfield today – where we highlight the facts, dispelling myths about strata living.